From Keystart to Cost Savings: How Refinancing Could Save You Thousands

If you started your homeownership journey with a Keystart loan, you're not alone. These low-deposit loans have helped thousands of Western Australians get into the property market sooner — especially when saving a 20% deposit wasn’t an option.

But while Keystart can be a fantastic stepping stone, it’s not always the most cost-effective long-term solution.

Why Refinance From a Keystart Loan?

Keystart loans are designed to be a transitional product — meaning they typically come with higher interest rates and limited product features compared to mainstream lenders. As your financial situation improves and your equity grows, you may become eligible to refinance to a standard home loan with a much lower rate.

Refinancing from Keystart could help you:

  • Reduce your monthly repayments

  • Save thousands in interest over the life of your loan

  • Access better loan features (like offset accounts and redraw facilities)

  • Consolidate other debts into your home loan

  • Start building wealth faster

When Can You Refinance?

You might be eligible to refinance once:

  • You’ve built enough equity in your home (usually around 20%)

  • Your financial situation has improved (e.g. stable income, good credit)

  • You meet the lending criteria of a mainstream lender

Even if you're not quite there yet, we can help you make a plan to get there sooner.

How WestGen Finance Can Help

At WestGen Finance, we work with clients just like you every day — helping them move from Keystart loans into more competitive lending options that better suit their current situation.

We will:

  • Review your current Keystart loan and see how much you could be saving

  • Compare refinancing options from a range of banks and lenders

  • Handle the paperwork and make the transition as smooth as possible

  • Help consolidate any high-interest debts into your home loan if it makes sense for your situation

The result? You could save thousands in interest, pay off your loan sooner, and gain more financial freedom.

Ready to See If Refinancing Makes Sense for You?

It starts with a quick, obligation-free chat. Whether you're ready now or want to make a plan for the near future, we’re here to help you take the next step with confidence.

Contact WestGen Finance today to see how much you could save.